Meesho raises $570 mn, valuation rises to $4.9 bn
Business Standard|October 01, 2021
Aims to reach 100-mn monthly transacting users by December 22
PEERZADA ABRAR & NEHA ALAWADHI
Meesho raises $570 mn, valuation rises to $4.9 bn

Social e-commerce start-up Meesho on Thursday said it has raised $570 million, led by Fidelity Management & Research Company and B Capital Group, a venture capital firm co-founded by Facebook Co-Founder Eduardo Luiz Saverin. Existing investors Prosus Ventures (formerly Naspers Ventures), SoftBank Vision Fund 2, and Facebook also participated in this round.

This story is from the October 01, 2021 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the October 01, 2021 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Al, Cloud, Super App: Adani Group To Bet Big On Tech
Business Standard

Al, Cloud, Super App: Adani Group To Bet Big On Tech

Planning to utilise sectoral data and train Al models

time-read
1 min  |
May 29, 2024
High Vegetable Prices Raise The 'Heat' In Election Season
Business Standard

High Vegetable Prices Raise The 'Heat' In Election Season

Food inflation has emerged as one of the main talking points of the ongoing Lok Sabha polls.

time-read
1 min  |
May 29, 2024
India, Vietnam To Gain From 'China+1': Nomura
Business Standard

India, Vietnam To Gain From 'China+1': Nomura

Bets big on RIL, BEL and Exide stocks

time-read
2 mins  |
May 29, 2024
Millennials, Gen Z Driving Demand For Luxury Car Rentals
Business Standard

Millennials, Gen Z Driving Demand For Luxury Car Rentals

Mumbai and Delhi witness fastest growth in demand this year at 35% and 40%, respectively

time-read
3 mins  |
May 29, 2024
Business Standard

Using private car as cab can lead to claim rejection

Insurance companies are trying to simplify the motor insurance claims process.

time-read
2 mins  |
May 29, 2024
Business Standard

Retail investors make bold bets in derivatives markets

Delhi, 28 May Retail investors seem to be making bold bets in derivatives markets a few days ahead of the Lok Sabha poll outcome.

time-read
2 mins  |
May 29, 2024
Business Standard

Q4 showing, valuations to keep Bosch under stress

Auto component major Bosch posted a subdued performance in the March quarter leading to the selloff.

time-read
2 mins  |
May 29, 2024
Business Standard

India Vix hits two-year high

Indian equity benchmarks ended with losses for the third consecutive day amid elevated volatility ahead of the Lok Sabha election results on June 4.

time-read
1 min  |
May 29, 2024
A quantum leap: MFs dive into quant theme
Business Standard

A quantum leap: MFs dive into quant theme

3 fund houses lead the charge with offerings in this space

time-read
2 mins  |
May 29, 2024
Metal firms yet to deliver on hope
Business Standard

Metal firms yet to deliver on hope

Though buoyant on bourses, their earnings, sales have lagged overall listed universe in past 2 yrs

time-read
3 mins  |
May 29, 2024